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Goodyear Tire & Rubber Co. (NASDAQ: GT) closed the day trading at $8.37 up 3.21% from the previous closing price of $8.11. In other words, the price has increased by $3.21 from its previous closing price. On the day, 4.39 million shares were traded. GT stock price reached its highest trading level at $8.445 during the session, while it also had its lowest trading level at $8.214.
Ratios:
For a better understanding of GT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 2.02 whereas as Long-Term Debt/Eq ratio is at 1.63.
On June 13, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $14.
On December 04, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $16.80.HSBC Securities initiated its Buy rating on December 04, 2023, with a $16.80 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 13 ’24 when MCGLADE JOHN E bought 31,408 shares for $8.03 per share. The transaction valued at 252,206 led to the insider holds 31,408 shares of the business.
KOELLNER LAURETTE T bought 26,000 shares of GT for $205,400 on Aug 12 ’24. The Director now owns 26,000 shares after completing the transaction at $7.90 per share. On Aug 12 ’24, another insider, Phillips David Emmitt, who serves as the Sr VP and General Counsel of the company, sold 77,009 shares for $7.89 each. As a result, the insider received 607,601 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GT now has a Market Capitalization of 2382830336 and an Enterprise Value of 11247830016. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 0.581 whereas that against EBITDA is 6.231.
Stock Price History:
Over the past 52 weeks, GT has reached a high of $15.24, while it has fallen to a 52-week low of $7.27. The 50-Day Moving Average of the stock is -11.27%, while the 200-Day Moving Average is calculated to be -30.08%.
Shares Statistics:
Over the past 3-months, GT traded about 5.06M shares per day on average, while over the past 10 days, GT traded about 4657770 shares per day. A total of 283.79M shares are outstanding, with a floating share count of 282.49M. Insiders hold about 0.77% of the company’s shares, while institutions hold 88.48% stake in the company. Shares short for GT as of 1724976000 were 17858637 with a Short Ratio of 3.53, compared to 1722384000 on 20366164. Therefore, it implies a Short% of Shares Outstanding of 17858637 and a Short% of Float of 8.1999995.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.81.
